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Macau’s gaming tax revenue reaches $3.7B for January-April period
The Macau government gathered nearly $3.71 billion in fiscal revenue from gaming taxes during the initial four months of 2024, according to the latest data unveiled by the city's Financial Services Bureau on Thursday.
Sega Sammy set to sell Seagaia Resort to US-based Fortress: Report
Sega Sammy Holdings is set to sell its Phoenix Seagaia Resort in Japan to U.S.-based Fortress Investment Group, redirecting focus towards video games and other sectors, Nikkei Asia has reported.
Suntrust Resort swings to loss in 1Q24 as revenue and income plummet
The controlling shareholder of the Philippine Stock Exchange-listed Suntrust Resort Holdings, LET Group Holdings (formerly known as Suncity Group Holdings), has announced that its subsidiary recorded a $4.5 million loss in the first quarter of the year.
Seaport: Slow ramp up at Grand Lisboa Palace worrying sign for SJM
SJM Holdings Limited (SJM) first quarter financial results showed slight improvements and met analyst expectations, but the slow ramp-up at Grand Lisboa Palace amidst a robust Macau recovery was worrying for the gaming operator, brokerage Seaport pointed out.
INSPIRE helps Mohegan hit historic quarterly $461.73M net revenue high
Mohegan, the US-based operator also behind the Incheon Mohegan INSPIRE integrated resort, has announced its highest quarterly net revenue in its history, hitting $461.73 million, up by 13.8 percent yearly.
International Entertainment starts to operate new casino in Manila
International Entertainment Corporation has announced that it has begun operating its casino in Manila as of Thursday, a property previously owned by PAGCOR.
Everi Holdings revenue down by 5.6% to $189.3M in 1Q24
Everi Holdings saw a first-quarter net income of $4.6 million. This occurred amidst a 5.6 percent year-on-year decline in revenue, which amounted to $189.3 million, as per a press release issued on Wednesday.
SJM’s net gaming revenue soars 74.5% to $827M in 1Q24
SJM Holdings recorded a 74.5 percent year-on-year increase in net gaming revenue in the first quarter of 2024, reaching $827 million.
Japanese and Chinese punters drive up Paradise’s revenue in 1Q24
South Korean casino operator, Paradise Co. Ltd, reported a considerable 228 percent quarterly rise in operating profits in the first quarter of 2024, mainly due to the steady increase in play by Japanese and mass markets.
Light & Wonder’s 2025 $1.4B EBITDA target challenging: Deutsche Bank
Deutsche Bank notes that achieving Light & Wonder's 2025 $1.4 billion adjusted EBITDA target will be a challenging task, as their forecast indicates the figure is 'well below' the goals articulated by management.
Intricacies of licensing on the Isle of Man
The Isle of Man is vying for the light, as other licensing jurisdictions come online, but the Chief Executive of the Digital Isle of Man, Lyle Wraxall, says the region still holds strong potential, as an “easy and friendly place to do business” for online gaming companies.
